Current Affairs
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Mar- 2021 -3 March
RJC urges industry leaders to adopt sustainable change
The Responsible Jewellery Council (RJC) has published an open letter to jewellery industry leaders, urging them adopt sustainable practices within their businesses. Last year, the trade association stated its “decade of action” in its bid to reach its ‘17 Sustainable Development Goals’, an initiative set up to combat climate-change related…
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Jan- 2021 -19 January
Sunak looks to raise corporation tax in March budget
Chancellor Rishi Sunak is reportedly looking to raise corporation tax in the upcoming March budget to pay off the estimated £400bn borrowed by the UK throughout the pandemic. According to The Financial Times, the alleged move has sparked uproar among business owners who claim they are still struggling with the economic impact of Covid-19. However, it…
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18 January
Jewellery industry to become sustainability leader, says new report
The new Jewellery Trend Report by jewellery brand Taylor & Hart has identified that the industry will become a leader in environmentalism and sustainability in the coming years. According to the report, two-thirds of brands are currently monitoring their environmental impact more closely, while consumers are also purchasing jewellery and…
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15 January
Supreme Court sides with small firms in business interruption case
The Supreme Court has delivered its judgment in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case, with the court’s ruling in the favour of small firms potentially forcing insurers to pay out £1.2bn in CBI claims. Following the judgement, thousands of policyholders will now have their claims for…
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6 January
Peter Taylor awarded MBE for services to jewellery industry
Peter Taylor, director of the Goldsmiths’ Centre, has been awarded with a MBE for services to the jewellery and silversmithing industry. Founded by the Goldsmiths’ Company in 2007, the Goldsmiths’ Centre is the UK’s leading charity for the professional training of goldsmiths. Taylor is a key figure in the establishment…
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Dec- 2020 -8 December
British Hallmarking Council updates EU guidance
The British Hallmarking Council has updated its guidance on hallmarking requirements from 1 January 2021, ahead of the UK’s exit from the EU. The council said that obligations to recognise equivalent EU hallmarks will end in Great Britain. EU hallmarks will continue to be recognised in theNorthern Ireland market, however,…
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Nov- 2020 -23 November
Lewis Hamilton loses legal battle with Hamilton watches
Lewis Hamilton has lost his legal battle to block Hamilton International, a luxury Swiss watchmaker, from trademarking the name ‘Hamilton’. The Formula 1 driver claimed the watch manufacturer’s trademark prevented “fair competition” and attempted to prevent the company from registering its brand in Europe. The EU Intellectual Property Office (EUIPO)…
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Sep- 2020 -10 September
Government launches new ‘bounce back’ plan for retailers
A new series of measures has been announced by the UK Government to support businesses in the consumer and retail industries during the Covid-19 pandemic. The plans, announced by Minister for exports Graham Stuart, will offer immediate support to businesses by ensuring specialists provide advice on online retail and international…
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Aug- 2020 -12 August
UK in recession following 20% GDP slump
The UK economy has entered into a technical recession following a “record” fall in gross domestic product (GDP) during the second quarter of the year. According to the Office for National Statistics, GDP slumped by 20.4% between April and June 2020, compared with the 2.2% drop seen during Q1 2020…
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6 August
Price of gold hits ‘record’ high
The price of gold has topped $2,000 (£1,527) an ounce for the first time in history, as investors look to move cash into gold amid increased concerns over the global economy and geo-political tensions. The price of gold first hit a “record” high last week, when its price was bumped…
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